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City of Toronto No Longer Issuing Payday Lender Licenses – What This Means for Same-Day Loans

City of Toronto No Longer Issuing Payday Lender Licenses – What This Means for Same-Day Loans

The City of Toronto is no longer handing out licenses to payday lenders. In October of 2019, the City of Toronto council voted unanimously to stop issuing licenses to payday loan outlets. Councillors said the payday lenders are “predatory” toward low-income residents....
How Debt Affects Mental Health

How Debt Affects Mental Health

It’s Bell Let’s Talk Day – a day that creates awareness around mental health initiatives. This topic is so important, particularly when it comes to finances, as money problems and mental health are often interconnected. Debt frequently triggers stress, which can...
Bank of Canada Interest Rate Staying the Same for January 2020: Here’s How to Save Money From It

Bank of Canada Interest Rate Staying the Same for January 2020: Here’s How to Save Money From It

The Bank of Canada (BOC) interest rate is staying the same for January 2020. It’s the 10th time in a row this has happened — the interest rate has stayed at 1.75% since October of 2018. But the January 2020 BOC announcement pointed to an interesting trend – Canadians...